China Manufacturing Monthly Recap

November 25 – China's steel industry profited ¥235.2 billion in the first nine months, up 32.3% from the same period a year ago, according to the Ministry of Industry and Information Technology.

November 22 – China's annual demand for steel will peak at between 710 million and 800 million tons by 2015, the Ministry of Industry and Information Technology predicted. Peak levels will remain stable for between 10 and 15 years, the ministry added.

November 9 – China's producer price index rose 5% from a year earlier and dropped 0.7% from a month earlier in October, according to the National Bureau of Statistics. Raw material prices rose 8% from a year earlier and dropped 0.7% from a month earlier in October.

November 8 – China's 10 biggest steelmakers will be responsible for 60% of total steel output by the end of 2015, up from 48.6% in 2010, according to a five-year plan for the steel industry. The plan forecasts the nation's annual consumption of crude steel to range between 710 million and 820 million tons by the end of 2015.

November 3 – Caterpillar Inc (NYSE: CAT) will step up investment in China in the years to come, President and CFO Edward Rapp said. The US construction equipment manufacturer currently has 16 operational plants and nine plants under construction in the country.

November 3 – Telecommunications equipment sales in China grew 26.2% year on year to ¥802.2 billion in the first nine months, according to the Ministry of Industry and Information Technology. The value of telecom exports was up 15.9% from a year earlier to ¥396.5 billion.

November 1 – China's manufacturing activity slowed unexpectedly in October as the official purchasing managers index declined to 50.4, down 0.8 percentage points from a month earlier, the lowest point since February 2009 according to the China Federation of Logistics and Purchasing.

October 31 – China rolled out more than 25 billion batteries including 1.82 billion lithium batteries and 7,612MW of solar cells in the first eight months, according to the China Battery Industry Association.

October 27 – China's industrial companies reported ¥60.84 trillion in revenues and ¥3.68 trillion in gross profits for the first three quarters, up 29.6% and 27% respectively from the same period a year ago, according to the National Bureau of Statistics. The figures were based on data from companies who report at least ¥20 million in revenues per year.

October 27 – China's oil refining sector lost ¥1.84 billion in the first eight months as government-set fuel price gains were outpaced by crude oil price gains, according to the National Development and Reform Commission.

October 24 – Expansion of China's manufacturing capacity has obviously slowed and investment in the sector as a percentage of total investment is shrinking, central bank governor Zhou Xiaochuan said at an economic forum.

$1 = ¥6.35

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